Retirement
from24/7 Wall St.
2 days agoSocial Security Full Retirement Age Could Increase From 67. Here's Who Gets Hurt the Most
Social Security's full retirement age may be raised to prevent funding shortfalls, impacting younger workers the most.
In Allianz Life's Q4 2025 Quarterly Market Perceptions Study, 51% of respondents said they had stopped or reduced retirement savings in the previous six months because of economic conditions. Nearly as many (47%) said they had withdrawn money from retirement accounts during that period. Payroll Integrations' 2025 Employee Financial Wellness Report uncovered similar behavior, with 38% of respondents saying they had tapped retirement savings. About one-third plan to do so again within the next year to cover emergency or everyday expenses.